Côte d’Ivoire’s state-owned oil refinery, the biggest in French-speaking West Africa with a refining capacity of 3.8m tonnes, could help generate revenues through exports to neighbouring countries. A conservative estimation puts production from the new block at 150, 000 bpd, says Robin Mills, CEO of Dubai-based consultancy Qamar Energy.
Which companies have discovered oil in Ivory Coast?
International companies including French giant Total and Britain’s Tullow Oil have also announced significant discoveries of Ivorian offshore oil reserves in recent years. Ivory Coast, which ambitions to become a "major" oil producer by 2023, announced Thursday a new discovery of oil and natural gas by Italian hydrocarbon giant ENI.
Is Ivory Coast a’major’ oil producer by 2023?
This 2016 photo shows the Ivorian refinement company’s facility (Societe ivoirienne de raffinage, SIR). Ivory Coast, which ambitions to become a "major" oil producer by 2023, announced Thursday a new discovery of oil and natural gas by Italian hydrocarbon giant ENI. The fresh discovery expands the potential of reserves found last year by 25 percent
How many oilfields are there in Ivory Coast?
Ivory Coast to date has 51 identified oilfields with four in production, 26 in exploration and the remaining 21 still up for grabs. In 2014, Total said exploration had shown "very promising" prospects. Aside from Total and Eni, Britain’s Tullow Oil has also announced significant discoveries of Ivorian offshore oil reserves in recent years.